Hold the Olive Oil! Prices of Some Basic European Foodstuffs Keep Skyrocketing

A tank is filled with olive oil at the "La Betica Aceitera" oil mill in the southern town of Quesada, a rural community in the heartland of Spain's olive country, on Oct. 27, 2022. Bernat Armangue/AP Photo

BRUSSELS—These days, think twice before you lavishly ladle olive oil onto your pasta, salad, or crusty bread.

Olive oil, a daily staple of Mediterranean cuisine and the life of many a salad throughout Europe, is experiencing a staggering rise in price. It’s a prime example of how food still outruns overall inflation in the European Union.